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Not worth the risk = If the chance that something bad will happen as a result of some act is so great then a person is likely to say to him/herself, "it is safer to not do X" (i.e. it is not worth the risk).

Or, if the badness of the result is so great that a person should not do it then a person is likely to say it is safer not to do X.

E.g. Although dealing drugs is a quick and easy way to earn money, it is not worth the risk (in this case, the risks (being caught by the police, being robbed by a customer who is high, etc.) outweigh the benefits (quick and easy way to earn money).

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16y ago
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Q: What does the phrase 'not worth the risk' mean?
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